Shaker Investments LLC OH Takes Position in Micron Technology, Inc. $MU

Key Points

• Shaker Investments LLC has acquired a new stake of approximately $3.39 million in Micron Technology, Inc., owning 27,494 shares which constitutes about 1.4% of their portfolio.
• Micron Technology reported a quarterly EPS of $2.86, surpassing analyst expectations, and demonstrated a remarkable 46.1% increase in revenue year-over-year, totaling $11.32 billion.
• Brokerage analysts have given Micron Technology a consensus rating of "Buy" with a target price of around $200.64, indicating strong market confidence in the stock.

Shaker Investments LLC OH bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,494 shares of the semiconductor manufacturer's stock, valued at approximately $3,389,000. Micron Technology accounts for about 1.4% of Shaker Investments LLC OH's portfolio, making the stock its 26th largest position.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after buying an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Micron Technology by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock valued at $602,917,000 after buying an additional 58,285 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after buying an additional 1,416,174 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Micron Technology by 1.6% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,434,898 shares of the semiconductor manufacturer's stock valued at $546,601,000 after buying an additional 68,267 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MU. Erste Group Bank began coverage on Micron Technology in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Wedbush raised their target price on Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Itau BBA Securities started coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They issued an "outperform" rating and a $249.00 price objective for the company. Finally, New Street Research restated a "neutral" rating on shares of Micron Technology in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $200.64.

Micron Technology Price Performance

Micron Technology stock traded up $12.31 during mid-day trading on Friday, reaching $219.02. The company had a trading volume of 25,752,953 shares, compared to its average volume of 25,144,894. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The company has a market capitalization of $245.84 billion, a P/E ratio of 28.86, a P/E/G ratio of 0.47 and a beta of 1.56. The stock's 50-day simple moving average is $159.43 and its 200-day simple moving average is $122.13.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analysts' expectations of $11.05 billion. During the same period last year, the company posted $1.18 earnings per share. The firm's quarterly revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is 6.06%.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the transaction, the executive vice president directly owned 131,580 shares of the company's stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, the chief accounting officer directly owned 40,237 shares of the company's stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,256 shares of company stock valued at $25,564,625 in the last ninety days. Corporate insiders own 0.30% of the company's stock.

Micron Technology Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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